Politics & Regulation

AIMA responds to ESMA consultation on AIFM Directive


The Alternative Investment Management Association has called for the implemented form of the Alternative Investment Fund Managers Directive to be flexible, proportionate and based on the principles of openness and transparency.

AIMA’s recommendations have been set out in a response sent to the European Securities and Markets Authority (ESMA), which has recently replaced the Committee of European Securities Regulators.

ESMA released a call for evidence last month ahead of the rule-making ‘Level 2’ of the AIFMD process, asking the industry to respond in January to the main issues raised in the document. AIMA established a working group of member